ChainCatcher report: Cloud computing provider Nebius Group has announced an agreement to sell over $1 billion worth of computing power to AI model development company Reflection AI. According to the joint statement, the agreement is valid until 2029, and Reflection AI will gain access to computing resources powered by NVIDIA GB300 AI chips to support its AI model development.
Nebius to Sell Over $1 Billion Worth of Computing Power to AI Startup Reflection AI
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Summary
Nebius Group has secured a $1 billion deal with AI startup Reflection AI to provide computing power through 2029. The agreement grants Reflection AI access to NVIDIA GB300 AI chips to accelerate its model development. This move follows growing demand in the AI and crypto space as companies seek high-performance computing resources. Crypto news outlets are closely monitoring the deal’s impact on the AI infrastructure market.
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